Berkshire Hathaway’s chairman cites scarce value opportunities amid surging retail trading and record options activity.
Warren Buffett said he struggles to find attractive investments as the S&P 500 reaches all-time highs, likening current market behavior to gambling. The 95-year-old investor noted retail traders are piling into stocks like Micron and one-day options trading is at record levels.
Buffett contrasted today’s environment with periods when opportunities were abundant, stating such scarcity should be the norm. He highlighted the growth of platforms catering to speculative activity, including brokerage apps and prediction markets, as evidence of a systemic shift.
The remarks come as retail participation surges, with prediction markets and leveraged ETFs drawing increased capital alongside traditional equities. Buffett’s comments underscore concerns about long-term value investing in a market driven by short-term speculation.